EMB Invest: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
EMB Invest
Largest movements
- Cash -€1,179
down €1,179 (-60.2%), from €1,958 to €779
mainly Net result for the year (-€831) and Other debts (-€785)
- Receivables within one year -€471
no longer reported in 2025 (was €471)
- Profit (loss) carried forward -€831
down €831 (-5.6%), from -€14,715 to -€15,546
- Other debts -€785
down €785 (-8.4%), from €9,310 to €8,525
- Gross operating margin -€8,977
down €8,977 (-93.7%), from €9,577 to €600
- Financial charges -€5,675
down €5,675 (-94.0%), from €6,038 to €362
- Other operating charges -€966
down €966 (-68.5%), from €1,409 to €443
- Staff costs +€626
new in 2025: €626
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,929 | €13,279 | -€1,649 | -11.0% |
| Fixed assets | 21/28 | €12,500 | €12,500 | = | 0.0% |
| Tangible fixed assets | 22/27 | €12,500 | €12,500 | = | 0.0% |
| Land and buildings | 22 | €12,500 | €12,500 | = | 0.0% |
| Current assets | 29/58 | €2,429 | €779 | -€1,649 | -67.9% |
| Amounts receivable within one year | 40/41 | €471 | - | -€471 | |
| Trade receivables | 40 | €471 | - | -€471 | |
| Cash at bank and in hand | 54/58 | €1,958 | €779 | -€1,179 | -60.2% |
| Total equity and liabilities | 10/49 | €14,929 | €13,279 | -€1,649 | -11.0% |
| Equity | 10/15 | €5,586 | €4,755 | -€831 | -14.9% |
| Contributions | 10/11 | €12,445 | €12,445 | = | 0.0% |
| Reserves | 13 | €7,856 | €7,856 | = | 0.0% |
| Non-distributable reserves | 130/1 | €645 | €645 | = | 0.0% |
| Reserves not available under the articles | 1311 | €645 | €645 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,211 | €7,211 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,715 | -€15,546 | -€831 | -5.6% |
| Amounts payable | 17/49 | €9,343 | €8,525 | -€818 | -8.8% |
| Amounts payable within one year | 42/48 | €9,343 | €8,525 | -€818 | -8.8% |
| Financial debts | 43 | €33 | - | -€33 | |
| Credit institutions | 430/8 | €33 | - | -€33 | |
| Other amounts payable | 47/48 | €9,310 | €8,525 | -€785 | -8.4% |
| Remuneration, social security and pensions | 62 | - | €626 | +€626 | |
| Other operating charges | 640/8 | €1,409 | €443 | -€966 | -68.5% |
| Non-recurring operating charges | 66A | €112 | - | -€112 | |
| Gross operating margin | 9900 | €9,577 | €600 | -€8,977 | -93.7% |
| Operating profit (loss) | 9901 | €8,055 | -€469 | -€8,524 | |
| Financial charges | 65/66B | €6,038 | €362 | -€5,675 | -94.0% |
| Recurring financial charges | 65 | €6,038 | €362 | -€5,675 | -94.0% |
| Profit (loss) for the period before taxes | 9903 | €2,018 | -€831 | -€2,849 | |
| Profit (loss) for the period | 9904 | €2,018 | -€831 | -€2,849 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,018 | -€831 | -€2,849 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.